Portugal Market Outlook 2020

2020 will confirm the new levels for investment in income property and for take-up in several sectors.

Immediate availability of space will remain scarce throughout 2020, as the amount of new supply to be placed on the market will remain low. However, the launch of new large-scale projects, will guarantee leases closed during construction and drive take-up.

High demand and a lack of immediate space available will continue to drive an increase in rents in the occupier market, namely in offices, high street retail and logistics; as well as a rise in residential sale prices.

Residential development will expand to peripheral municipalities and there will be a greater diversification of housing supply, namely with more apartments for sale to the middle class and rental housing.

Companies and owners are focus on the user experience: digital technology and hospitality concepts will gradually be introduced in building management, in order to maximise that experience and support companies on talent attraction.